International Review of Economics & Finance最新文献_第6页

Environmental regulation and firm exports: New evidence from the distance to local ecological environment bureau 环境监管与企业出口：来自地方生态环境部门的新证据

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-05-14 DOI: 10.1016/j.iref.2025.104164

Baoqing Tang , Danni Chen , Jing Ma , Siyuan Xuan

引用次数: 0

Production choice and pricing strategies of automobile manufacturers under carbon policies 碳政策下汽车制造商的生产选择与定价策略

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-05-13 DOI: 10.1016/j.iref.2025.104177

Donghua Xiao , Qing Zhang , Haoran Liu , Sheng Luo , Yi Zheng

{"title":"Production choice and pricing strategies of automobile manufacturers under carbon policies","authors":"Donghua Xiao , Qing Zhang , Haoran Liu , Sheng Luo , Yi Zheng","doi":"10.1016/j.iref.2025.104177","DOIUrl":"10.1016/j.iref.2025.104177","url":null,"abstract":"<div><div>The transition of automotive manufacturers to electric power sources can significantly reduce carbon dioxide emissions, foster the green development of the automotive industry, and contribute to the global reduction of carbon emissions. Its development and promotion depend on carbon policies and consumer sensitivity to carbon emissions. Under different carbon emission policy contexts, this study first considers the production and pricing decisions of automobile manufacturers based on consumers' awareness of green consumption, including whether to produce fuel, electric, or hybrid vehicles and the pricing for each type. Second, it explores the impact of various carbon emission policies on these decisions and profits and compares carbon emissions under different policies. Results indicate that under varying carbon policies, automobile manufacturers' production decisions primarily depend on the ratio of carbon emissions to production costs. In addition, consumers' sensitivity to carbon emissions influences their choice of production types and significantly affects manufacturers' profits. Manufacturers’ profits are influenced by market share and carbon policy parameters. The emission reduction effect is most significant under the carbon cap policy, whereas cap-and-trade shows the least reduction effect. The research conclusions can assist traditional vehicle manufacturers in transitioning to new energy sources and achieving high-quality sustainable development.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"101 ","pages":"Article 104177"},"PeriodicalIF":4.8,"publicationDate":"2025-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144084598","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Can the banking union work without common deposit Guarantees? The initial market assessment and policy implications☆ 没有共同存款担保，银行业联盟还能运转吗？初步的市场评估和政策影响☆

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-05-13 DOI: 10.1016/j.iref.2025.104159

Giovanni Ferri , Valerio Pesic

引用次数: 0

The effects of remittances on school enrollment rates: A global perspective 汇款对入学率的影响：全球视角

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-05-13 DOI: 10.1016/j.iref.2025.104175

Horst Feldmann

{"title":"The effects of remittances on school enrollment rates: A global perspective","authors":"Horst Feldmann","doi":"10.1016/j.iref.2025.104175","DOIUrl":"10.1016/j.iref.2025.104175","url":null,"abstract":"<div><div>There is already a large literature studying the effects of remittances on schooling. It finds that the effects are usually positive. But this literature focuses exclusively on developing countries. Here, we expand the coverage by using a large sample that additionally includes developed countries. We do so because the ultimate goal of scientific inquiry is to find general patterns or regularities that hold across a large number of cases. Therefore, we investigate whether the previous literature's finding holds across a large sample of developing and developed countries. Using data on 122 countries and two-stage least squares estimation to account for the endogeneity of remittances, our paper answers this question in the affirmative. Specifically, our results suggest that personal remittances from abroad had positive effects on school enrollment rates over the sample period 1978 to 2017, both at the primary and the secondary level. The magnitudes of the estimated effects are substantial at both levels. Whereas girls benefited more than boys at the primary level, both genders benefited equally at the secondary level. Thus the previous literature's finding that remittances normally improve schooling seems to be a truly global phenomenon, spanning the entirety of developing and developed countries.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"101 ","pages":"Article 104175"},"PeriodicalIF":4.8,"publicationDate":"2025-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144212528","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Climate performance and debt structure: The case of European SMEs 气候绩效与债务结构：以欧洲中小企业为例

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-05-13 DOI: 10.1016/j.iref.2025.104178

Chia-ling Yao , Muhammad Umar , Nawazish Mirza , Meng Qin

{"title":"Climate performance and debt structure: The case of European SMEs","authors":"Chia-ling Yao , Muhammad Umar , Nawazish Mirza , Meng Qin","doi":"10.1016/j.iref.2025.104178","DOIUrl":"10.1016/j.iref.2025.104178","url":null,"abstract":"<div><div>SMEs play a vital role in the European economy, making significant contributions to employment, innovation, and regional development. However, they face unique challenges in aligning their operations with Europe's ambitious climate goals due to constrained resources and limited access to financing. Using an exhaustive sample of European SMEs, this study examines how environmental factors, including carbon emissions intensity, regulatory fines, and green subsidies, affect SMEs' reliance on debt financing. The results reveal that higher carbon emissions intensity and regulatory fines significantly increase leverage, reflecting the financial constraints and risks associated with poor environmental performance. In contrast, green subsidies reduce debt reliance, highlighting their role in alleviating financial pressure and supporting sustainable transitions. Our sub-sample analysis also explores differences between medium-sized and small firms, revealing that firm size moderates the impact of environmental factors on financial gearing. This study contributes to the discourse on sustainable entrepreneurship, highlighting the need for targeted interventions to support small and medium-sized enterprises in achieving financial resilience while aligning with climate objectives.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"101 ","pages":"Article 104178"},"PeriodicalIF":4.8,"publicationDate":"2025-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144148119","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Forecasting realised volatility using regime-switching models 使用状态切换模型预测已实现的波动性

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-05-13 DOI: 10.1016/j.iref.2025.104171

Yi Ding , Dimos Kambouroudis , David G. McMillan

引用次数: 0

Capitalizing on sustainability: China's green finance strategy for achieving environmentally resilient wastewater treatment 利用可持续性：中国实现环境弹性废水处理的绿色金融战略

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-05-13 DOI: 10.1016/j.iref.2025.104173

Muhammad Saeed Meo , Younes Ben Zaied , Sahar Afshan , Alvena Anees

{"title":"Capitalizing on sustainability: China's green finance strategy for achieving environmentally resilient wastewater treatment","authors":"Muhammad Saeed Meo , Younes Ben Zaied , Sahar Afshan , Alvena Anees","doi":"10.1016/j.iref.2025.104173","DOIUrl":"10.1016/j.iref.2025.104173","url":null,"abstract":"<div><div>In China, wastewater management is becoming a more prominent concern due to the country's continuous industrial and urban development. The massive amounts of wastewater produced may threaten water resources and ecosystems. Therefore, innovative policies are crucial to enhance the wastewater treatment process and its infrastructure to secure sustainable water management. Hence, this study explores the asymmetric impact of green finance and other control variables like industrialization, environmental technology, and innovation in renewable energy on wastewater treatment in China. Using monthly data from January 2008 to December 2021 and an innovative nonlinear ARDL (NARDL) approach, the study confirms the significant positive impact of green finance, industrialization, environmental technology, and innovation in renewable energy on wastewater treatment. The robustness of the NARDL findings is being assessed using a novel multivariate quantile-on-quantile approach, which yields similar results, confirming the consistency of the findings. Furthermore, the findings highlight asymmetric associations among the variables, providing insightful policy implications for achieving SDG 6.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"101 ","pages":"Article 104173"},"PeriodicalIF":4.8,"publicationDate":"2025-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144116954","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does firm internationalization improve ESG performance? Evidence from China 企业国际化是否能改善ESG绩效？来自中国的证据

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-05-12 DOI: 10.1016/j.iref.2025.104168

Jing Zhou , Kaiwen Wu , Youwei Li

引用次数: 0

ESG and Manager integrity: Evidence from China ESG和管理者诚信：来自中国的证据

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-05-12 DOI: 10.1016/j.iref.2025.104133

Wendai Lv, Qiuchi Meng, Zhixia Gan, Shilu Sun

引用次数: 0

Corporate social responsibility and stock liquidity across the globe 全球企业社会责任与股票流动性